CHINAHEALTHWISE (00348) announced that the Group expects to achieve a profit attributable to owners of the Company of between approximately HK$100,000 to HK$2 million for the six months ended June 30, 2025, compared to a loss attributable to owners of the Company of approximately HK$29 million for the six months ended June 30, 2024.

The turnaround from loss to profit attributable to owners of the Company is mainly due to: (1) the Group's loans receivable recognized a reversal of impairment losses of approximately HK$3 million under the expected credit loss model during the first half of 2025, compared to impairment losses of approximately HK$6 million during the first half of 2024; (2) general and administrative expenses decreased from approximately HK$18 million in the first half of 2024 to approximately HK$8 million in the first half of 2025, due to effective cost-saving measures implemented by the Group during the first half of 2025; (3) unrealized fair value gains on financial assets at fair value through profit or loss amounted to approximately HK$12 million in the first half of 2025, compared to unrealized fair value losses of approximately HK$5 million in the first half of 2024.